CPU‑only or not: CPU mining is supported (RandomX makes processor mining competitive); it is not stated that the coin is exclusively CPU‑only
Brief description: WAM Coin is a fork of Bitcoin Core v28.1 with a hard cap of 22 000 000 coins, 2‑minute blocks and an initial subsidy of 50 WAM. It uses RandomX PoW, the DarkGravityWave v3 difficulty adjustment algorithm (recalculated every block), a 5 % treasury withdrawal until block 400 000 and a founders’ reserve of 2 000 000 WAM, unlocked at 20 % per year until 2030 (founders + treasury = 12.5 % of issuance). Testnet is already launched with two seed nodes (France, Singapore); a preliminary release is ready on GitHub (≈11 MB, requires libevent and libsqlite3).
Community reaction: the author posts an announcement and a subsequent update about work on exchange listings (XeggeX, TradeOgre, NonKYC, Bisq) and invites code review and bug reports via a private bug bounty; there are no direct comments from participants in the provided excerpts.
Update history (deltas)
2026-08-21 00:13 UTC — 3 new posts
Main theme of the new posts: clarification of a previously made statement about negotiations with exchanges; admission of a mistake and lack of real agreements on listing WAM Coin before mainnet launch.
Key news/updates:
Founder Waleed Al80 admitted that in the previous post he mistakenly listed XeggeX, TradeOgre and NonKYC as contacted platforms; in reality inquiries were sent to Komodo Wallet, BasicSwap DEX, Bisq, Maya Protocol, Haveno and Block DX.
No agreements, accepted applications or listing timelines exist; promises of trading infrastructure and liquidity from day one are not substantiated.
Technical features of the coin (RandomX, DGW v3, 22 M cap, treasury withdrawal, etc.) remain unchanged and verifiable.
Mainnet launch is still scheduled for 15 September 2026.
Issues/complaints:
User visibleplayer accused the project of fraud (“Dumb scammer”), pointing to false information about listings and the absence of any real market value.
No price, buying or selling options for WAM before mining; the coin currently has no market value and may never be listed.
Overall tone: negative/skeptical – the community doubts the credibility of the statements and sees a risk of a scam.
2026-08-25 00:13 UTC — 2 new posts
Main theme of the new posts: the WAM Coin author urges the community to test the testnet, review the code and prepare for a mandatory update before the mainnet launch on 15 September 2026.
Key news/updates:
Testnet launched on 20 August, with two independent nodes (Europe and North America) attached; a stratum pool pays out every 10 minutes on port 3336, and two Electrum servers are running.
Release v0.1.5 – mandatory update before mainnet; nodes of older versions (v0.1.4 and earlier) will refuse to accept valid blocks when mainnet starts and will end up on an isolated chain without errors.
Two real vulnerabilities were found in the consensus code (unauthenticated Redis access and a race condition in share accounting); both have been fixed, and the changes are published in the repository.
A bug bounty was announced for auditing the consensus changes (link to SECURITY.md).
Scripts for checking supply, applying patches and cleaning up were provided (verify_supply.py, patch_upstream.py, sweep.sh).
Binary files v0.1.3 and v0.1.4 were deliberately removed; users are advised to replace them with v0.1.5.
Issues/complaints: no explicit complaints; it is noted that testnet coins have no real value and have already been reset, and that the consensus audit was unpaid.
Overall tone: neutral‑call‑to‑action – emphasis on the need for community testing and assistance, without hype about price or profit promises.
2026-08-29 00:12 UTC — 2 new posts
Main theme of the new posts: release of miner version v0.1.6, fixing the “silent” pool issue, and registration of WAM Coin in the SLIP‑0044/SLIP‑0173 standards.
Key news/updates:
v0.1.6: the miner now considers the connection dead after 10 minutes of complete silence from the pool and automatically reconnects; consensus has not changed, nodes v0.1.5 and v0.1.6 remain compatible.
WAM Coin received coin type 5718349 (SLIP‑0044) and bech32 prefixes wam, twam, wamrt (SLIP‑0173), recorded in the SatoshiLabs registry, eliminating collisions with other projects.
Issues/complaints:
In the previous miner version the client could stay on a “half‑open” TCP connection, continuing to work on an outdated job for hours without any failure indicator; the problem was only discovered indirectly (a fan that stopped).
Overall tone: neutral‑positive – a critical bug was fixed and official recognition was obtained via SLIP registration, without negative assessments of the project.